Technavio analysts expect the global shooting ranges market to exceed USD 1 billion by 2020, growing at a CAGR of over 8%, according to their latest report.

The global shooting ranges market during 2016-2020, is expected to grow rapidly due to increasing demand for cost-effective, efficient and enhanced training requirements of armed forces all over the world. Abhay Singh, a lead research analyst at Technavio for the defense industry says, “As live training programs are expensive and logistically difficult, defense authorities and governments around the globe are focusing on simulators and shooting ranges, which are more affordable than other forms of training.”

A rapid increase in the sale of guns and ammunitions was observed in the US, which has stimulated the US Department of Defense (DoD) to strengthen regulations on the use of guns and ammunitions and increase the efficiency of the police by setting up of shooting ranges. The need to strengthen law enforcement agencies, to help them keep pace with the changing world environment, is also driving the global market for shooting ranges.

Technavio’s lead aerospace and defense market research analysts have identified the following three factors that will drive the growth of the global shooting ranges market:

  • Increasing demand for enhanced training
  • Introduction of advanced weapon systems
  • Investments in R&D

Increasing demand for enhanced training

Major military spending in countries such as the US, China, Russia, Saudi Arabia, and India will be replacing their existing military equipment with modernized shooting ranges and artillery systems, which will drive the market during the forecast period.

In 2015, Canada-based CAE signed a contract, approximately worth USD 150 million to provide simulation products and training services for many countries. Northrop Grumman, signed a contract with the US Army to develop the combat training center instrumentation system. Under this contract, the vendor will modernize and replace the legacy RCS voice, video, and data instrumentation by implementing the live training transformation (LT2) consolidated product-line management (CPM) strategy.

Introduction of advanced weapon systems

Three-dimensional printed guns are part of a new technology that has been developed to improve the accuracy of soldiers. TrackingPoint, a US-based vendor, has developed a high-tech long-range shooting rifle called TrackingPoint rifle, using 3D graphics, laser technology, and Wi-Fi. The precision-guided firearm offers practice in shooting moving targets at extended ranges (over 500 yards). Use of such advanced weapons in a live combat situation requires training.

“The introduction of advanced weapon systems leads to a growing need for training and simulation for soldiers, law enforcement agencies, and police officers. Although outdoor shooting training provides more space and movement to soldiers, indoor ranges offer enhanced accuracy. These factors will drive the growth of the shooting ranges market during the forecast period,” says Abhay.

Investments in R&D

R&D in shooting ranges has picked up owing to an increase in defense budgets across the world. As a result of changing environments and emerging technologies, defense departments across different countries are developing new and improved weapons and equipment to be used in shooting ranges.

In 2015, Meggitt Training Systems signed a three-year contract worth $25 million with Public Works Government Services, Canada, to set up shooting range facilities for the Canadian armed forces.

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